Brokerages Set Trupanion, Inc. (NASDAQ:TRUP) Price Target at $32.33

Shares of Trupanion, Inc. (NASDAQ:TRUP) have been given a consensus recommendation of “Moderate Buy” by the four brokerages that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $28.75.

TRUP has been the topic of several analyst reports. Piper Sandler lowered their price objective on Trupanion from $28.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Canaccord Genuity Group lowered their price target on Trupanion from $40.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Evercore ISI dropped their price objective on Trupanion from $35.00 to $31.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 20th. Finally, Stifel Nicolaus boosted their target price on Trupanion from $25.00 to $28.00 and gave the stock a “hold” rating in a research report on Friday, February 16th.

Trupanion Price Performance

Shares of NASDAQ:TRUP opened at $25.55 on Friday. The company has a market capitalization of $1.07 billion, a PE ratio of -39.92 and a beta of 1.76. The business has a fifty day moving average price of $25.54 and a 200-day moving average price of $26.72. Trupanion has a 1-year low of $18.45 and a 1-year high of $36.66. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.62 and a quick ratio of 1.63.

Trupanion (NASDAQ:TRUP) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. The business had revenue of $306.12 million during the quarter, compared to analyst estimates of $300.51 million. Trupanion had a negative net margin of 2.31% and a negative return on equity of 9.03%. Trupanion’s revenue was up 19.4% compared to the same quarter last year. During the same period last year, the business earned ($0.60) EPS. As a group, equities analysts expect that Trupanion will post -0.43 EPS for the current fiscal year.

Hedge Funds Weigh In On Trupanion

Several hedge funds and other institutional investors have recently modified their holdings of TRUP. Texas Permanent School Fund Corp grew its holdings in shares of Trupanion by 1.8% in the first quarter. Texas Permanent School Fund Corp now owns 31,269 shares of the financial services provider’s stock worth $863,000 after acquiring an additional 561 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Trupanion by 45.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,990 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 933 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Trupanion by 5.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,120 shares of the financial services provider’s stock valued at $553,000 after purchasing an additional 948 shares during the last quarter. Check Capital Management Inc. CA lifted its stake in shares of Trupanion by 4.7% in the 4th quarter. Check Capital Management Inc. CA now owns 24,000 shares of the financial services provider’s stock worth $732,000 after purchasing an additional 1,075 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in shares of Trupanion by 1.4% in the third quarter. New York State Common Retirement Fund now owns 79,142 shares of the financial services provider’s stock worth $2,232,000 after buying an additional 1,101 shares during the last quarter.

About Trupanion

Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on a monthly subscription basis in the United States, Canada, Continental Europe, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians.